Overview
- BNB notched a new intraday peak near $908 this week and is holding around the $900 area after a brief pullback.
- Binance announced a collaboration with Franklin Templeton to build institutional-grade tokenization products using the asset manager’s compliance expertise and Binance’s trading infrastructure.
- U.S. producer inflation printed 2.6% versus 3.3% expected, boosting risk appetite and aligning with gains across major cryptocurrencies.
- Trading data showed spot turnover around $1.8 billion, futures open interest near $1.65 billion and net short liquidations that likely amplified the move.
- Technical commentary highlights upside targets around $1,000 to $1,100 if momentum persists, with traders watching support in the high-$800s.